The Greenback strengthened against the European single currency, following the US Core Durable Goods data release on Wednesday. The EUR/USD currency pair lost six pips, or 0.05%, to continue fluctuating in the 1.1610 area.
The Census Bureau released Durable Goods Orders Ex Transportation data that came out lower-than-expected with a forecast of 0.5% in May, and also lower from the previous period.
According to Janis Macukans, a senior analyst at Dukascopy Bank SA, such effect can be explained by the opposing Durable Goods Orders and Core Durable Goods Orders divergences from the market forecasts. The data sets cancelled out each other’s effect on the currency markets.
